Austral Gold Limited · ASX:AGD
Austral Gold — Investor Presentation (September 2019)
36 slides from Austral Gold's investor presentation, Sep 5, 2019
Slide 1: Growth-focused South American Gold & Silver Producer
For personal use only Growth-focused South American Gold & Silver Producer Corporate presentation September 2019 ASX:AGD | TSX-V:AGLD | www.australgold.com 1
Slide 2: Disclaimer
Disclaimer For personal use only This presentation contains information about Austral Gold Limited ("Austral Gold") and Austral Gold's properties that have been extracted from more comprehensive documents. The information contained in this presentation is given in summary form and is qualified in it
Slide 3: Legal, political and environmental risks related to mineral resource and reserve estimates
Legal, political and environmental risks related to mineral resource and reserve estimates at June 30 2019 For personal use only Legal • Legal proceedings may be brought against Austal Gold, its subsidiaries or affiliated entities or their respective officers, directors, employees or agents for exam
Slide 4: Investment Highlights
Investment Highlights For personal use only Austral Gold represents a compelling precious metals story… ✓ Emerging junior gold & silver producer with the goal of becoming a sustainable intermediate producer ✓ Experienced management team with a proven track record of acquiring, building and operating
Slide 5: Investment Highlights: Poised for Growth
Investment Highlights For personal use only Poised for Growth 2019 Guidance: 70-75K GEO Brownfield and Blue Sky exploration ~30,000m of drilling planned in 2019/2020 Re-start the Casposo mine, subject to the results of the exploration program Continue advancing the Pingüino exploration project with
Slide 6: Key Principles
Key Principles For personal use only Establish position amongst leaders of gold and silver miners, with the highest rates of safety and stewardship of the environment. Strive for the lowest operating costs among companies of the same scale in the Americas. Be the preferred partner for companies, com
Slide 7: Key Milestones
Key Milestones For personal use only Austral Gold has produced +400,000 gold equivalent ounces over the prior last eight years. Cash flow from operations have funded Austral’s growth initiatives 51,365 51,088 30,058 12,950 Gold-equivalent Production (oz) 2011 2012 2013 2014 ✓ First gold doré ✓ Guana
Slide 8: Key Milestones
Key Milestones For personal use only Austral Gold has produced +400,000 gold equivalent ounces over the prior last eight years. Cash flow from operations have funded Austral’s growth initiatives 80,056** 64,488** 55,014* 46,888 Gold-equivalent Production (oz) 2015 2016 2017 2018 ✓ Third consecutive
Slide 9: Key Assets
Key Assets For personal use only Guanaco/Amancaya Mine Complex (100%) 2019 Production Guidance: ~70-75K GEO Chile remains one of the most attractive mining jurisdictions in Latin America and is the world’s top producer of copper Casposo Mine (70% Austral/30% Troy) Advancing exploration Care and main
Slide 10: 2019 Half Year Operations Overview
2019 Half Year Operations Overview 6-months period ended 30 June Guanaco/ Casposo Casposo For personal use only 30 2019 Amancaya (100% basis) Net Basis * Lost-Time Accidents 4 - - Non Lost-Time Accidents 3 5 5 Processed (t) 122,711 33,318 27,682 Plant Au grade (g/t) 7.0 2.7 2.7 Plant Ag grade (g/) 8
Slide 11: 2019 Half Year Financials
2019 Half Year Financials For personal use only 2019 Half Year (6-months period ended 30 June 2019) Financial Position (US$´000) Key Operating Results (US$´000) Cash 2,489 Revenues 48,071 Current Assets 16,656 Gross profit (excl. D&A) 14,552 Non-Current Assets 79,820 Gross profit % 30% Current Liabi
Slide 12: Shareholder Information
Shareholder Information Exchange/Symbol TSX-V: AGLD ASX: AGD For personal use only Share Price (1) C$0.055 A$0.062 52 Week High / Low(1) C$0.095 / C$0.055 A$0.11 /A$0.058 Shares Outstanding(1) (2) 534,173,010 534,173,010 Market Capitalization(1) C$29 million A$33 million Loans and Borrowings and US$
Slide 13: Key Asset: The Guanaco/Amancaya Mine Complex
Key Asset: The Guanaco/ Amancaya For personal use only Mine Complex Chile Guanaco/ Amancaya Antofagasta, Chile ASX:AGD | TSX-V:AGLD | www.australgold.com 13
Slide 14: Austral Gold's flagship asset in Chile
Austral Gold’s flagship asset in Chile For personal use only Guanaco/Amancaya Track Record since 2013 70-75,000 Production AuEqoz 61,271 51,365 51,088 46,888 44,518 37,096 2013 2014 2015 2016 2017 2018 2019E 1,241 871 946 950 846 791 672 1,056 667 625 712 792 750 558 2013 2014 2015 2016 2017 2018 20
Slide 15: Austral Gold's flagship asset in Chile: Guanaco/Amancaya Complex
Austral Gold’s flagship asset in Chile For personal use only Guanaco/Amancaya Complex • UG Mining Operations at Guanaco and Amancaya • Processing Capacity: 1500 tpd crushing circuit to agitation leaching and Merrill-Crowe processing plant • Most of the processed ore comes from Amancaya and is transp
Slide 16: Guanaco District
Guanaco District For personal use only A favorable geological environment Guanaco is believed to have produced about 2 million ounces of gold since 1886. Guanaco Operational Sector lies directly on trend with some of the largest copper and gold deposits in the world Austral Gold acquired Guanaco in
Slide 17: Guanaco District: Operational Sector
Guanaco District For personal use only Operational Sector Austral has focused mainly in 5 sectors since 2010: Cachinalito- Natalia, Defensa, Dumbo, Quillota and Perseverancia (the “Operational Sector”) Currently, there are two main targets to explore within this area: • Perseverancia: Expected resou
Slide 18: Guanaco District: Sierra Inesperada Sector
Guanaco District For personal use only Sierra Inesperada Sector Located 7 km to SW of the Guanaco Mine, it represents an attractive potential target for the 2019 exploration program in the district NW corridors and favorable lithocap could host high sulphidation rich gold and silver deposits Previou
Slide 19: Amancaya Update
Amancaya Update For personal use only Amancaya Exploration – Emerging Gold Vein Camp: • Austral acquired Amancaya from Yamana Gold in 2014 • Field mapping, geochemistry, and geophysics have identified +42 linear kilometres of vein structures in the northern block of Central Vein (currently in operat
Slide 20: Amancaya Central Vein
Amancaya For personal use only Central Vein N Open Pit Drifts Drifts • The main mineralization at Amancaya is hosted Central Vein in the Central Vein • Significant new high- grade shoot 500m strike length and ~100m vertical extent from surface Q1 2019 drilling highlights from the Central Vein: • New
Slide 21: Geophysics at Amancaya
Geophysics at Amancaya For personal use only The VLF studies show the mineralized corridors below the post mineral andesite with hornblende cover ASX:AGD | TSX-V:AGLD | www.australgold.com 21
Slide 22: Casposo, Argentina
Casposo Argentina For personal use only Casposo San Juan Province, Argentina ASX:AGD | TSX-V:AGLD | www.australgold.com 22
Slide 23: Casposo Mine – Argentina
Casposo Mine – Argentina For personal use only Mining Method: Mining at Casposo has been performed via Longitudinal Longhole Retreat. Mine production is carried out via a combination of sill drifts (34%) and stope production (66%) Processing: Prior to placing the mine on temporary Care and Maintenan
Slide 24: Casposo Exploration
Casposo For personal use only Exploration Near-Mine Exploration: • Austral is testing extension of known vein systems • The focus for Casposo in 2019 involves the exploration of the most attractive targets within the property: Julieta, Inca 3, Kamila Offset, Mercado NW and Panzon Aztec Inca 0 Inca 2
Slide 25: Pingüino, Argentina
Pingüino Argentina For personal use only Pingüino Santa Cruz Province, Argentina ASX:AGD | TSX-V:AGLD | www.australgold.com 25
Slide 26: Pingüino Polymetallic Project
Pingüino Polymetallic Project For personal use only • Pingüino is located in the centre of the Santa Cruz Province at 40 Km NW of the world-class deposit Cerro Vanguardia (Anglo-Ashanti & Fomicruz) • Pingüino is known to be the largest vein field after Cerro Vanguardia, with 112 linear km of vein st
Slide 27: Pingüino Polymetallic Project
Pingüino Polymetallic Project • Austral acquired the Pingüino project in August 2016 when it For personal use only acquired Argentex Mining Corporation • 13,486 hectare property in Santa Cruz Province, Argentina • Advanced exploration stage project with a 69,500m drilling database • Polymetallic min
Slide 28: Pingüino: Silver, Zinc, Lead, Indium, Gold
Pingüino: Silver, Zinc, Lead, Indium, Gold 70+ veins identified to date For personal use only Marta Norte 16 veins drilled and 6m @ 476 g/t Ag & recognized as 1.08 g/t Au resources 30 veins drilled that have not been included in the inventory resources 24 veins only Large Vein System: recognized fro
Slide 29: Guanaco/Amancaya Reserves as of June 2019
Guanaco/Amancaya Reserves as of June 30 2019 Ore Reserves (JORC 2012 and NI 43-101 Compliant) For personal use only Location Proven Reserves Probable Reserves Total Ore Reserves Tonnes Grade Contained Metal Tonnes Grade Contained Metal Tonnes Grade Contained Metal Gold (Au) (Kt) (g/t) (koz) (Kt) (g/
Slide 30: Guanaco/Amancaya Resources as of June 2019
Guanaco/Amancaya Resources as of June 30 2019 Mineral Resources (JORC 2012 and NI 43-101 Compliant) For personal use only Resources Measured (Me) Indicated (Ind) Total (Me + Ind) Inferred (Inf) Contained Contained Contained Contained Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade Gold (Au) Meta
Slide 31: 2019/2020 Catalysts
2019/2020 Catalysts For personal use only Upcoming News and Developments Q3 Q4 Q1 Q2 Q3 Q4 2019 2019 2020 2020 2020 2020 Brownfield Exploration Amancaya Guanaco Casposo Continue identifying M&A opportunities to consolidate attractive mining clusters in South America Re-start the Casposo mine, subjec
Slide 32: Austral Gold represents a compelling story
Austral Gold represents a compelling story ✓ For personal use only Emerging junior gold & silver producer with the goal of becoming a sustainable intermediate producer ✓ Experienced management team with a proven track record of acquiring, building and operating mining projects in Latin America ✓ Exp
Slide 33: Contact Info
For personal use only Growth-focused South American Gold and Silver Producer Contact Info: Stabro Kasaneva, CEO stabro.kasaneva@australgold.com José Bordogna, CFO jose.bordogna@australgold.com ASX:AGD | TSX-V:AGLD | www.australgold.com 33
Slide 34: Board and Management Team
For personal use only Board and Management Team ASX:AGD | TSX-V:AGLD | www.australgold.com 34
Slide 35: Strong Management & Technical Team
Strong Management & Technical Team For personal use only Stabro Kasaneva, BSc, CEO & Executive Director • CEO at Austral Gold since 2016; COO from 2009 to 2016. • Previously, Stabro served as Vice President of Operations at Andean Resources Ltd., General Manager of the El Peñón mine in Chile for Mer
Slide 36: Experienced Board of Directors
Experienced Board of Directors Eduardo Elsztain, Non-Executive Chairman For personal use only • Chairman of several companies including, IRSA, Cresud, BrasilAgro and Banco Hipotecario • Member of the World Economic Forum, the Council of the Americas, the Group of 50 and Argentina’s Business Associat
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